Mortgage lending in Dakota County, Minnesota
Lenders in Dakota County, Minnesota reported 15,716 mortgage applications for 2025, according to the CFPB.
15,716 mortgage applications and 10,300 loans originated in 2025; the denial rate was 17.3% of 13,086 applications decided. The median loan was about $255,000. From 2025, the CFPB’s Snapshot release.
HUD’s Fair Market Rent for the county, on the housing hub: Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area.
- 15,716
- Applications
- 10,300
- Loans originated
- 17.3%
- Denial rate
- 2,268 denied of 13,086 applications decided.
Every year
1 more column on a wider screen
| Year | Applications | Originated |
|---|---|---|
| 2025 | 15,716 | 10,300 |
| 2024 | 14,574 | 9,612 |
| 2023 | 13,556 | 8,920 |
| 2022 | 19,383 | 13,085 |
| 2021 | 38,773 | 27,834 |
| 2020 | 41,901 | 29,761 |
| 2019 | 25,297 | 17,847 |
| 2018 | 20,048 | 13,994 |
The largest lenders here
| Lender | Originated | Applications |
|---|---|---|
| Wings Financial Credit Union | 534 | 779 |
| Bell Bank | 526 | 653 |
| United Wholesale Mortgage | 508 | 651 |
| Trustone Financial Credit Union | 473 | 691 |
| Rocket Mortgage | 451 | 605 |
| US Bank, N.A. | 416 | 836 |
| Affinity Plus Federal Credit Union | 317 | 495 |
| Crosscountry Mortgage, LLC | 234 | 272 |
| Fairway Independent Mort Corp | 233 | 291 |
| Lennar Mortgage, LLC | 222 | 290 |
| Prosperity Home Mortgage, LLC | 218 | 261 |
| Royal Credit Union | 213 | 285 |
| Huntington National Bank | 182 | 327 |
| Blaze Credit Union | 180 | 257 |
| Pennymac Loan Services LLC | 166 | 266 |
| loanDepot.com LLC | 158 | 234 |
| DHI Mortgage Company, LTD. | 145 | 185 |
| Guaranteed Rate, Inc. | 142 | 203 |
| Wells Fargo Bank NA | 142 | 227 |
| Tradition Mortgage, LLC | 140 | 142 |
| Luminate Bank | 135 | 168 |
| Old National Bank | 118 | 170 |
| New American Funding, LLC. | 116 | 229 |
| Merchants Bank, National Association | 115 | 138 |
| Granite Bank | 110 | 126 |
Applications by race, ethnicity and sex, 2025
| Category | Applications | Denial rate |
|---|---|---|
| American Indian or Alaska Native | 97 | 19.1% of 84 decided |
| Asian | 1,152 | 23.9% of 897 decided |
| Black or African American | 1,117 | 23.6% of 894 decided |
| Native Hawaiian or Other Pacific Islander | withheld | |
| White | 10,605 | 15.0% of 9,044 decided |
| 2 or more minority races | 38 | no rate: base under 50 |
| Joint | 427 | 12.0% of 357 decided |
| Free Form Text Only | under 10 | |
| Race Not Available | 2,257 | 23.4% of 1,762 decided |
| Category | Applications | Denial rate |
|---|---|---|
| Hispanic or Latino | 1,105 | 32.6% of 908 decided |
| Not Hispanic or Latino | 12,190 | 15.6% of 10,260 decided |
| Joint | withheld | |
| Ethnicity Not Available | 2,059 | 20.2% of 1,609 decided |
| Free Form Text Only | under 10 |
| Category | Applications | Denial rate |
|---|---|---|
| Male | 4,892 | 20.8% of 4,023 decided |
| Female | 3,568 | 22.1% of 3,012 decided |
| Joint | 6,165 | 11.8% of 5,229 decided |
| Sex Not Available | 1,091 | 18.0% of 822 decided |
A category under 10 applications prints “under 10”, and beside a lone one the next-smallest is withheld too, so neither can be worked out from the whole. No rate is printed on fewer than 50 decisions. A denial rate does not control for credit history, income, debt or the property, so a difference between groups is not a measure of discrimination.
Rankings this appears in
- No. 545 Counties by median mortgage
Sources
- HMDA public loan/application register (LAR) — each year's fullest national release — Consumer Financial Protection Bureau · CFPB website policy: public domain · retrieved October 22, 2026
- Census Bureau population estimates — nation and states, with components of change — U.S. Census Bureau · U.S. Government work · retrieved September 25, 2026
- HMDA transmittal sheet — every reporting lender, by year, with its name — Consumer Financial Protection Bureau · CFPB website policy: public domain · retrieved October 22, 2026
- HMDA reporter panel — every reporting lender, by year, with its RSSD, parent and top holder
- Census Bureau county population estimates — U.S. Census Bureau · U.S. Government work · retrieved September 23, 2026
Compiled automatically from HMDA public loan/application register (LAR) — each year's fullest national release, Census Bureau population estimates — nation and states, with components of change, HMDA transmittal sheet — every reporting lender, by year, with its name, HMDA reporter panel — every reporting lender, by year, with its RSSD, parent and top holder and Census Bureau county population estimates by a checked SQL query · Editor: Kian O'Connor · How this site is built
Data retrieved